New Century Deal Sees Deterioration
Class B3 of CWMBS (IndyMac) Inc. mortgage pass-through certificates, series 2000-H (RAST 2000-A8), has been downgraded from B to CCC by Fitch Ratings. In addition, the ratings on six classes in three CWMBS (IndyMac) deals were affirmed. The downgrade was attributed to poor collateral performance and a deterioration of asset quality beyond original expectations.
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